Investments in the Carpathians: Karpilovskyi explains whether it is profitability or illusion
13 October 18:55
The business discussion “Bukovel as an investment magnet: has the last train left the station?” organized by [ comersant] brought together leading market players to discuss the investment prospects of the resort region. One of the key speakers, Dmytro Karpilovsky, a fullinvestor and co-founder of the Ukrinvest Club, made a number of direct and tough statements about the realities of the market.
Mr. Karpilovsky spoke directly about a key factor that cannot be ignored.
“The risk of losing money has not gone away. It is high in Bukovel. There is nothing to discuss here,” the investor emphasized.
In his opinion, this is not a matter of discussion, but an objective reality of the market, which should be the starting point for anyone considering investing in the region. However, the reason why investors continue to invest in Carpathian real estate despite the risks is obvious, according to the expert:
“The question is why we take these risks. The first answer is profitability. It is there. If we are talking about the speculative profitability of a professional investor,” Karpilovsky said.
However, when it comes to operating profit from the hotel business rather than speculation, the picture is much less rosy
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. The investor drew attention to the discrepancy between the loud promises of developers and real results.
“If we raise the discussion about the operating profitability of hotels, over the past 12 months, according to the developers’ promises, about 30 hotels were supposed to be launched in the Velyka Bukovel region. It seems that only two have been launched,” he said.
Staff, competition and chaotic construction
According to the expert, even those facilities that are being launched face a number of challenges.
“Those hotels that are about to launch en masse – will they be able to recruit high-quality staff? Will they be able to adapt it quickly? Systematize bookings? Will they be able to find their niche in the sun in the fierce competition with a lot of chaotic hotel development around them? Only time will tell,” emphasizes Karpilovsky.
So, investments in Bukovel can be profitable, but only if you have a clear understanding of the risks, in-depth analysis and readiness for challenges.
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